Just be careful how we describe debt, obviously there are assets and liabilities.
Debt is taken on to improve and grow an asset position generally, and I would imagine the Mews and the balconies at the club would have had to be financed , and hence there is a liability for their construction cost.
However, falls in revenue are not helpful and we need to look at revenue streams for the NRL club to take the cost of funding them from the bottom line of the Leagues Club.
All in all, you can be in debt, and still have a healthy asset position, I am not saying that this is necessarily the case but we should look at this in a more balanced way.What we need at the moment is some transparency if you like, from the factions on both side seeking election. to help us understand how they reduce the $5-$6 million per annum that funds the football side of the club. Strange how that amount is almost exactly what the hopeless NSW Govt sucks out of our club, anyway that aside, debt financing if used correctly should help you grow going forward.
The balance sheet in a sense will tell us all more
